Course Details

Cybersecurity in Financial Services and FinTech Training Course

INTRODUCTION

This essential training course provides comprehensive knowledge and practical skills for mastering Cybersecurity in Financial Services and FinTech. The financial sector, including traditional banks and innovative FinTech companies, represents a prime target for cybercriminals due to the highly sensitive nature of financial data and transactions. This program equips participants with a systematic understanding of the unique threat landscape, specialized regulatory requirements, and advanced security strategies tailored for financial institutions. Participants will gain deep insights into securing payment systems, protecting customer data, managing third-party risks, navigating complex compliance frameworks (e.g., PCI DSS, SWIFT CSP), and responding effectively to sophisticated financial cybercrimes, all crucial for maintaining trust, ensuring business continuity, and safeguarding global financial stability.

Cybersecurity in Financial Services and FinTech Training Course is designed for cybersecurity professionals, compliance officers, risk managers, IT auditors, and business leaders within banks, credit unions, investment firms, and FinTech startups. It bridges the gap between general cybersecurity principles and the specific, stringent demands of the financial industry, empowering participants to implement robust security controls, manage regulatory obligations, and proactively address the evolving cyber threats that directly impact financial integrity and customer confidence.

DURATION

10 days

TARGET AUDIENCE

This course is specifically designed for professionals working within or interacting with the financial services and FinTech sectors, including:

• Cybersecurity Analysts and Engineers in Financial Institutions.
• Compliance and Risk Management Professionals in Finance.
• IT Auditors focusing on Financial Services.
• FinTech Startup Founders and Security Leads.
• Payments Industry Professionals.

OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the unique cybersecurity challenges and threat landscape in financial services.
• Identify and apply key regulatory frameworks (e.g., PCI DSS, GLBA, relevant FinTech regulations).
• Implement strategies for securing payment systems and protecting sensitive financial data.
• Manage third-party and supply chain risks specific to the financial sector.
• Develop and execute effective incident response plans for financial cybercrimes.

MODULES

Module 1: The Financial Services Threat Landscape and Unique Challenges

• Define the criticality of cybersecurity in financial services and FinTech.
• Understand the unique motivations and sophisticated methods of financial cybercriminals.
• Discuss common attack vectors targeting banks and FinTechs (e.g., ransomware, payment fraud, insider threats).
• Explore the interconnectedness and systemic risks within the global financial system.
• Examine the impact of cyberattacks on financial stability, reputation, and customer trust.

Module 2: Regulatory Compliance and Governance (GLBA, SOX, etc.)

• Understand the Gramm-Leach-Bliley Act (GLBA) and its impact on privacy and security.
• Discuss the Sarbanes-Oxley Act (SOX) and its requirements for financial reporting and internal controls.
• Explore other relevant financial regulations (e.g., FFIEC, Dodd-Frank Act).
• Examine the role of corporate governance and board oversight in financial cybersecurity.
• Learn about developing a comprehensive compliance framework for financial institutions.

Module 3: Payment Card Industry Data Security Standard (PCI DSS)

• Understand the scope and requirements of PCI DSS for entities handling cardholder data.
• Discuss the 12 requirements of PCI DSS (e.g., firewalls, data encryption, access control).
• Explore the process of achieving and maintaining PCI DSS compliance.
• Examine the roles of Qualified Security Assessors (QSAs) and internal compliance teams.
• Learn about common pitfalls and best practices in PCI DSS implementation.

Module 4: Securing Payment Systems and Transaction Integrity

• Understand the architecture and security challenges of various payment systems (e.g., SWIFT, ACH, real-time payments).
• Discuss the SWIFT Customer Security Programme (CSP) requirements.
• Explore strategies for securing point-of-sale (POS) systems and ATMs.
• Examine methods for preventing payment fraud and protecting transaction integrity.
• Learn about tokenization, encryption, and secure payment gateways.

Module 5: Data Protection and Privacy in Financial Services

• Understand the types of sensitive financial data and their protection requirements.
• Discuss data encryption for financial data at rest and in transit.
• Explore the role of Data Loss Prevention (DLP) in preventing data exfiltration.
• Examine data privacy regulations (e.g., GDPR, CCPA) within the financial context.
• Learn about data anonymization, pseudonymization, and secure data sharing.

Module 6: FinTech Security Challenges and Emerging Technologies

• Understand the unique security challenges faced by FinTech startups.
• Discuss securing API-driven financial services and open banking initiatives.
• Explore the security implications of blockchain and distributed ledger technologies (DLT) in finance.
• Examine the cybersecurity risks associated with AI/ML in financial applications.
• Learn about securing mobile banking apps and digital wallets.

Module 7: Third-Party Risk Management (TPRM) in Financial Services

• Understand the critical importance of TPRM for financial institutions.
• Discuss methodologies for assessing and managing risks posed by financial service providers and vendors.
• Explore contractual security clauses and due diligence requirements for third parties.
• Examine regulatory expectations for third-party oversight (e.g., FDIC, OCC guidelines).
• Learn about managing supply chain cybersecurity risks in the financial sector.

Module 8: Incident Response and Threat Intelligence for Financial Cybercrime

• Understand the specific requirements for incident response in financial services.
• Discuss developing a financial cybercrime incident response plan.
• Explore techniques for responding to payment fraud, account takeover, and ransomware attacks.
• Examine the role of cyber threat intelligence sharing within the financial sector (e.g., FS-ISAC).
• Learn about forensic investigations and reporting to regulators post-incident.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com